August 2025 Voting Update
Uniswap Delegate Reward Initiative - Cycle 4
Vote: For
Type: Snapshot
In cycle 4 of this program, the addition of UNI held by a delegate’s wallet addresses a concern mentioned multiple times during previous iterations. The holding size is a reasonable amount for smaller entities that may not have latent capital for a UNI purchase. It’s also very reasonable for participants who have been involved in previous cycles. Although many delegates sell the UNI they receive through the program for covering operating costs, the payback period for the delegate program is relatively short. In other words, if a delegate holds 1k UNI, they should reasonably expect that investment to pay off after just a couple of months. Although 1k UNI relative to the amount a delegate can earn as a result of 100% participation in the 6-month program is not excessive, it does add an element of “skin in the game.” The mere psychological condition of holding onto an asset, even if the amount is small, aligns that entity with the success of the given business. Correspondingly, we voted in favor of the proposal.
Establish Uniswap Governance as “DUNI,” a Wyoming DUNA
Vote: For
Type: Snapshot
The UF has done a great job at spearheading the necessary research pertaining to Uniswap’s adoption of the DUNA. DAO members have long awaited the implementation of this endeavor since it enables a swath of exciting initiatives going forward. Many proposals in the past have been hamstrung by hazy legal clarity and infrastructure. The passing of this proposal will hopefully quell some of these overhangs. Many delegators, in particular large institutional UNI holders, have also refrained from partaking in governance discussions and votes due to the presiding legal implications. However, from the discussions that we’ve had, it seems many of these token holders will soon feel more comfortable voicing their opinions publicly due to the protections that come with DUNA membership. To those ends, we are in support of this proposal.